Speak to a Licensed Insurance Agent: 
Justice Department Implements New Measures Against Elder Fraud and Abuse
It’s no secret that our world evolves quickly. With new technologies emerging seemingly every day, keeping up with the latest can be difficult for people of all ages. But this is especially true for seniors! These constant changes don’t just slow you down when communicating with friends and families—they can also make you more susceptible to elder fraud and abuse. That’s why, this October, the Justice Department (DOJ) announced their increased efforts in fighting criminals who specifically target seniors for financial fraud schemes. What’s the problem? Elder fraud and abuse are unfortunately not new problems, but the situation worsened significantly [...]
What is Elder Fraud and How is the USA fighting it?
If you’ve been reading our recent articles and keeping up with the news, you’ve no doubt heard about the rampant elder fraud targeting seniors. In addition to internet and telephone scams that try to steal funds from unsuspecting seniors, there’s also the frightening trend of elder guardianship scams that you should be aware of. Elder fraud ring busted Feeling like you’re a target for fraud is scary, but today we’re reporting a reason to celebrate! A “grandparent scam” fraud ring that extracted nearly $2 million from more than 70 seniors was recently stopped by the Department of Justice (DOJ). This [...]
Elderly Fraud Prevention: How to Outsmart Scammers, Protect Yourself Against Fraud
Every year about 7.86 million U.S. seniors fall victim to elder fraud like phone, internet and other financial scams. (See our article on elder guardianship fraud here.) Their losses total a staggering $148 billion. This indicates elderly fraud prevention is not only important, it's crucial for anyone soon to be or newly retired. Moreover, the unfortunate reality is that duping seniors is a growth industry. And as the senior population increases, more and more Americans over age 65 are exploited by unscrupulous scammers every year. Targeting seniors by promising fraudulent or misrepresented goods, services or financial benefits is called elder [...]
